4515 Economic Outlook

Economic Outlook: November 29, 2019

Nov 26, 2019  | Ep4515

Black Friday originated as the first day retailers broke even for the year. Now this family tradition helps drive our entire economy. ---

Prior to the holiday shopping sprint to Christmas, consumers were already in a festive mood as spending was up 0.3 percent in October.

U.S. factories were feeling the spirit as orders for big-ticket items increased on a surge in demand for military aircraft.   

Deere and Company posted a $3.25 billion net income for the year, despite a slower fourth quarter. The agricultural manufacturing giant issued a weak outlook for 2020 based on U.S. and China trade concerns.

Sales of new homes dipped slightly last month even with lower mortgage rates.

Grinnell Mutual Insurance